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The former Minister “who made pensions sexy” claims that the new LISA is “an abomination” and is more likely to prompt cash splurges on Lamborghinis than the pension freedoms have.
A common governance body for pension transfers is needed to overcome the problems that currently exist, as the industry is “doing spectacularly badly”.
The chairman of the Association of Member Directed Pension Schemes will step down tomorrow.
The Lifetime ISA appears to be “aiming to muscle out pensions”, a savings expert says, after new details were revealed.
Rowanmoor, the Sipp and SSAS provider, is hosting a series of masterclasses for professional advisers in October and November, focusing on investing in commercial property within a pension.